The South African rand is South Africa's currency, identified by ZAR and the symbol R. The South African Reserve Bank has the sole authority to issue South African banknotes and coins. Current banknotes are R10, R20, R50, R100 and R200. The upgraded Mandela banknote series entered circulation in May 2023, while older valid notes continue to circulate alongside it.
South African banknotes are printed on cotton substrate and use security features that can be checked by touch, sight and tilt. In an online account, a ZAR balance records value in rand rather than merely converting the display from another currency. The payment method can still settle differently: a foreign card or wallet may convert into ZAR before funds arrive, while a processor can apply its own fees or exchange rate. Those payment terms are separate from the denomination of the account itself.
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